Overview
What is Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois?
Spring Ridge Housing for Seniors Inc., a service corporation affiliated with Lutheran Social Services of Illinois, is dedicated to supporting the elderly. Situated at 1001 E Touhy Avenue 50, Des Plaines, IL 60018, they provide affordable housing in a facility with 59 units. Their mission is to cater to the unique needs of elderly individuals, focusing on their health, security, happiness, and overall well-being. Through HUD-subsidized housing, they aim to enhance the lives of senior residents, promoting a sense of community and comfort within the facility.
Official website here: www.lssi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Spring Ridge Housing For Seniors Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored 81% in this category, demonstrating reliable financial practices and transparency. The rating primarily highlights the organization's commitment to maintaining a majority independent board and effective oversight through an audit committee.
Strengths of Spring Ridge include excellent governance practices, such as a 100% independent board and comprehensive policies regarding conflicts of interest and whistleblower protections. The financial health is supported by a high program expense ratio of 93.43%, indicating that a significant portion of its funding is allocated directly to its programs.
Despite these strengths, no specific limitations or areas for improvement were noted in the data. The organization appears to be well-managed, with effective checks and balances in place to ensure accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois legitimate?
Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,647
For more financial information, click here
Official website here: www.lssi.org
What is the mission statement of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois?
Spring Ridge Housing For Seniors Inc, under Lutheran Social Services of Illinois, is established with the purpose of providing elderly individuals with housing facilities that cater to their unique needs. The organization aims to promote their health, security, happiness, and usefulness. Their mission is to offer affordable housing in a facility with 59 units, specifically designed for the elderly, with the goal of enhancing their overall well-being.
Official website here: www.lssi.org
Who is the CEO of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois?
Mark A Stutrud is the CEO of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois The CEO's salary of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois is $0 and their total compensation is $830,891.
Official website here: www.lssi.org
What is the revenue of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois?
Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois's revenue in 2024 was $734,522.
Official website here: www.lssi.org
Who are the executives of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois and what are their salaries?
There 13 volunteers at Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois.
Here are 16 key members and their salaries (Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois's CEO's salary is $0 and their total compensation is $830,891):
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Official website here: www.lssi.org
Where can I find the form 990 for Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois?
Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lssi.org
Learn more at the official website: www.lssi.org
Mission Statement of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois
Spring Ridge Housing For Seniors Inc., under the umbrella of Lutheran Social Services of Illinois, is dedicated to serving the elderly population. Their mission is to offer affordable housing facilities and services tailored to meet the unique needs of senior citizens, aiming to enhance their health, security, happiness, and overall well-being. This organization, Spring Ridge Housing For Seniors Inc., operates a housing facility equipped with 59 units, providing a safe and suitable living environment for elderly individuals. The goal is to promote their independence and quality of life while ensuring their needs are met with care and consideration.
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Impact
July, 2024
Spring Ridge Housing for Seniors Inc, operating under the umbrella of Lutheran Social Services of Illinois, provides HUD subsidized housing specifically tailored for elderly individuals. This initiative offers 59 units of affordable housing in Des Plaines, IL, creating a vital resource for seniors in need of secure and supportive living arrangements. By focusing on meeting the special needs of the elderly population, Spring Ridge Housing for Seniors Inc plays a crucial role in promoting the health, security, happiness, and overall well-being of its residents. This impact extends beyond mere accommodation, enhancing the quality of life and fostering a sense of community among seniors in the area.
This information is meant to be a general summary of Spring Ridge Housing For Seniors Inc C/O Lutheran Social Services Of Illinois. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $663
- Program Service Revenue: $727,509
- Gross Receipts: $734,522
Assets and Liabilities:
- Total Assets: $5,443,081
- Total Liabilities: $5,770,107
- Net Assets: -$327,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$463,637
TENANT RENTS
Revenue
$263,872
Organization Details
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